Sweden to Sell $3.3 Billion of Green Bonds With Top Rating

This year Sweden plans to issue as much as 30 billion kronor ($3.3 billion) of sovereign green bonds, a first for the country, as the Nordic region’s biggest economy looks to boost spending on renewable energy projects.

“I’m happy to announce that Sweden is the first country in the world to obtain a ‘Dark Green’ rating from Cicero,” Financial Markets Minister Per Bolund said at a press conference in Stockholm. “This is the highest possible rating for environmental quality.”